News

Dominican carrier announces more passenger, cargo flights

Wednesday, October 11, 2017

Santo Domingo.- Air Century president Omar Chahin on Tues. announced a US$5.0 million investment to expand its operations in the Caribbean, increasing its routes to San Juan, and adding flights to Saint Martin and Havana.

He said Air Century will acquire two, 50-seat jet planes next year.

Dominican Republic, the ideal UK-Americas trade link

Wednesday, October 11, 2017

London.- The president of Dominican Republic ‘s Industries Association (AIRD) on Tues. called his country an ideal UK-Americas trade link, with the infrastructure and benefits British companies need to base their operations with the rest of the region.

Dominican Republic to grow 4.8% in 2017: IMF

Tuesday, October 10, 2017

Washington DC.-  The International Monetary Fund (IMF) on Tues. forecast that Dominican Republic’s economy will grow 4.8 percent this year, surpassed only by Panama’s 5.3%, and ahead of Bolivía’s 4.2 percent. The three are expected to lead in growth among Latin America and Caribbean countries this year.

Dominican Republic mines legislation boosts revenue, transparency

Tuesday, October 10, 2017

Santo Domingo.-The bill for the National Mining Law, in consultation and socialization by the Energy and Mines Ministry, establishes revenue ranging from 40% to 60% and creates the “Participation in State Mining Income,” to improve State income.

British Chamber, Embassy kick off Dominican Week in UK

Monday, October 9, 2017

London. – The British Chamber of Commerce (BRITCHAM) and the Dominican Embassy in London on Monday inaugurated the VI Dominican Week in the United Kingdom, with the participation of the most numerous and high-level delegation in the event’s history.

Top official lists plans to turn airfields into regional airports

Monday, October 9, 2017

Santo Domingo.- Dominican Republic development cannot be seen apart from tourism and civil aviation, as the country retains the region’s strong leadership on both.

Tourism: 8% of Dominican Republic’s GDP, grows 8.6%

Tuesday, October 3, 2017

Dominican Republic’s tourism sector accounts for 8% of GDP; has an aggregate value of 8.6% and an average growth of 1% higher than the economy as a whole, and supplies 332,589 jobs, or 8.4% of country’s the total,

AES Dominicana, Grupo Linda consolidate alliance

Tuesday, October 3, 2017

 AES Dominicana, a subsidiary of the AES Corporation of the United States, continues to bolster its strategic alliance with Grupo Linda, an economic consortium headed by Félix García, which increased its minority shareholding within the energy group.

China gets US$550.M ‘cozy’ with Dominican Republic

Friday, September 29, 2017

Santo Domingo.- China Commercial Development Office representative in the Dominican Republic, Fu Xinrong, on Thurs. said Chinese companies will invest US$350.0 million in a multifunctional hydraulic project on the Yuna River and US$200.0 million to build 10,000 low cost houses, of between 50 and 60 square meters.

Top official vows ‘clear rules’ to develop oil and gas industry

Tuesday, September 26, 2017

Santo Domingo.- Energy and Mines minister Antonio Isa Conde on Tues. announced the fiscal policy and contractual proposals to develop Dominican Republic’s oil and gas industry, with options based on tax and production sharing, and balanced profit for the State and investors.